2025-11-16T14:42:24-06:00 2024-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2024-01-01 940830750 ST FRANCIS YACHT CLUB STFR 4158203725 700 MARINA BOULEVARD SAN FRANCISCO CA 94123 JIM BILDNER CHIEF FINANCIAL OFFICER 4158203725 2025-09-02 1 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2024 2025-03-06 01:10:19Z STEVE KAPP 700 MARINA BOULEVARD SAN FRANCISCO CA 94123 22603635 0 X WWW.STYC.COM X 1927 CA TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 15 15 169 15 1931742 349267 93176 121331 8646014 9447287 559855 412657 8233679 7663058 17532724 17644333 0 0 0 0 9463368 8993637 0 0 0 7741704 7717333 17205072 16710970 327652 933363 31041053 34593528 13819699 15676059 17221354 18917469 SERVE AS THE INSPIRATIONAL CENTER OF BOATING ACTIVITIES REGIONALLY AND A LEADER OF YACHTING INTERNATIONALLY. WE HONOR CAMARADERIE, SPORTSMANSHIP, TRADITION, AND THE MARITIME HERITAGE OF SAN FRANCISCO IN A PREMIER YACHTING ENVIRONMENT. 0 0 TAX-EXEMPT CLUB ACTIVITIES 0 1 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 81 0 1 169 1 1 1 0 0 0 0 1408447 1876097 0 0 0 X 15 15 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 1 0 X ASIF EHSAN CONTROLLER 4158203725 700 MARINA BOULEVARD SAN FRANCISCO CA 94123 X CHRIS PERKINS COMMODORE 2.00 X X 0 0 0 ADAM GAMBLE VICE COMMODORE 2.00 X X 0 0 0 SUSAN RUHNE REAR COMMODORE 2.00 X X 0 0 0 LAWSON WILLARD CHAIRMAN 2.00 X X 0 0 0 KEVIN KUHN SECRETARY 2.00 X X 0 0 0 ELIZABETH WEILER ASSISTANT SECRETARY 2.00 X X 0 0 0 M CASE FITZ-GERALD TREASURER 2.00 X X 0 0 0 SHANNON JOHNSON ASSISTANT TREASURER 2.00 X X 0 0 0 ELIZABETH ANATHAN DIRECTOR 2.00 X 0 0 0 BRENDAN BRADLEY DIRECTOR 2.00 X 0 0 0 STEVE KAPP DIRECTOR 2.00 X 0 0 0 ERIN O'GRADY DIRECTOR 2.00 X 0 0 0 DAMIR PRISKICH DIRECTOR 2.00 X 0 0 0 HARRISON TURNER DIRECTOR 2.00 X 0 0 0 LARRY SWIFT DIRECTOR 2.00 X 0 0 0 JOHN MEAGHER GM/COO 40.00 X 552199 0 53434 ASIF EHSAN CONTROLLER 40.00 X 280977 0 57805 MARC PASSETTI ASSISTANT GENERAL MANAGER 40.00 X 192382 0 53500 AARON JOHNSON EXECUTIVE CHEF 40.00 X 210115 0 43607 ROSS SCHIVELEY TINSLEY ISLAND MANAGER 40.00 X 190484 0 21069 FELIX WEIDLING RACE DIRECTOR 40.00 X 186059 0 38878 1612216 0 268293 10 0 1 0 JAMIESON MAE COMMUNICATIONS 250 SOUTH FOREST STREET DENVER CO 80246 DESIGN AND COMMUNICATIONS 173049 JACKSONLEWIS PC PO BOX 416019 BOSTON MA 022416019 LEGAL SERVICES 108882 2 121331 121331 MEMBERSHIP DUES 900099 8038840 8038840 CAPITAL DUES 900099 774482 774482 INITIATION FEES 900099 633965 633965 9447287 343046 343046 3073264 18400 3010043 12010 63221 6390 69611 63221 6390 9600307 1937249 7663058 6137583 1525475 17644333 15584870 1931742 6390 605632 5224204 176379 2465524 521898 69683 75000 22541 379437 1044901 282645 1308904 24252 948151 782491 OTHER DEPT. OPERATIONS 1654660 FOOD & BEV. OPERATIONS 501864 UNRELATED BUS. INC. TAX 317768 CLUBHOUSE OPERATIONS 305036 16710970 1101261 1859239 1753397 1862168 380241 361577 421258 502753 33777732 25048343 7192127 8729389 10783306 11909306 9409463 9369096 31041053 34593528 2503584 3992349 897591 1158292 10418524 10525418 13819699 15676059 X 15657304 17154928 1564050 1762541 17221354 18917469 31041053 34593528 933363 762752 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1488719 189273 1677992 1296946 191773 1488719 1513938 -216992 1296946 1461730 202208 150000 1513938 1429357 32373 1461730 0.93147 0.06853 0 0 190123 190123 22221938 18209181 4012757 4636811 3662414 974397 6728860 3176748 3552112 8729389 OTHER 11909306 C 11909306 LEASE COSTS 751761 RIGHT-OF-USE ASSET - OPERATING LEASE 8617335 9369096 OPERATING LEASE PAYABLE 10525418 10525418 20321793 762752 1937249 2700001 17621792 22541 22541 17644333 18625678 1937249 1937249 16688429 22541 22541 16710970 PART V, LINE 4: THIS PERMANENT ENDOWMENT FUND IS TO BE HELD INDEFINITELY WITH THE INVESTMENT RETURN TEMPORARILY RESTRICTED TO BE USED FOR A SPECIFIC REGATTA. THE ORIGINAL PRINCIPAL OF THE ENDOWMENT FUND CAN ONLY BE USED UPON SPECIFIC INSTRUCTION OF THE DONOR OR THE DONOR'S AUTHORIZED REPRESENTATIVE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,937,249. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,937,249. X X 1 1 X X X 0 0 0 JOHN MEAGHER GM/COO 462199 0 90000 0 0 0 17250 0 36184 0 605633 0 0 0 ASIF EHSAN CONTROLLER 243477 0 37500 0 0 0 14555 0 43250 0 338782 0 0 0 AARON JOHNSON EXECUTIVE CHEF 186115 0 24000 0 0 0 10687 0 32920 0 253722 0 0 0 MARC PASSETTI ASSISTANT GENERAL MANAGER 182382 0 10000 0 0 0 10250 0 43250 0 245882 0 0 0 FELIX WEIDLING RACE DIRECTOR 176059 0 10000 0 0 0 9670 0 29208 0 224937 0 0 0 ROSS SCHIVELEY TINSLEY ISLAND MANAGER 170484 0 20000 0 0 0 9643 0 11426 0 211553 0 0 0 PART I, LINE 1A EMPLOYEES RECEIVE DINING, UNIFORM, AND DRY CLEANING SERVICES. FORM 990, PART VI, SECTION A, LINE 6 ST. FRANCIS YACHT CLUB IS A NON-EQUITY CLUB WHERE MEMBER HOLDS NO EQUITY. UPON TERMINATION OF MEMBERSHIP, MEMBER RECEIVES NO MONETARY BENEFITS OR EQUITY IN THE CLUB. BOARD OF DIRECTORS AND APPOINTED OFFICERS (MEMBERS OF THE CLUB) GOVERN THE CLUB. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED BY THE VOTING MEMBERS THROUGH ANNUAL ELECTIONS. AT LEAST THREE MEMBERS ARE ELECTED TO REPLACE THREE OUTGOING MEMBERS OF THE BOARD EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B CAPITAL ASSESSMENTS REQUIRES BY-LAW CHANGE FORM 990, PART VI, SECTION A, LINE 8B MINUTES ARE TAKEN AND RECORDED FOR EACH MONTHLY BOARD MEETING AND ANY SPECIAL MEETINGS HELD BY THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE. ALL COMMITTEES ARE ADVISORY IN NATURE FOR THE BOARD OF DIRECTORS AND DO NOT HAVE DECISION MAKING AUTHORITY. ALL COMMITTEE CHAIRS/LIAISON REPORT TO THE BOARD OF DIRECTOR FOR DECISION MAKING. FORM 990, PART VI, SECTION B, LINE 11B ELECTRONIC COPY OF FORM 990 IS SHARED WITH BOARD OF DIRECTORS FOR THEIR REVIEW AND TO SOLICIT ANY QUESTIONS THEY MAY HAVE. TREASURER WHO IS AN APPOINTED OFFICER AND THE CFO OF THE CLUB REVIEWS AND SIGNS THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY DOCUMENT IS SIGNED BY EACH BOARD MEMBER EVERY YEAR. THE CONFLICT, IF ANY, IS FULLY DISCLOSED TO THE BOARD MEMBERS IN THE ABSENCE OF CONFLICTED PARTY AND APPROVAL IS TAKEN IN CASE CLUB DECIDES TO AWARD ANY CONTRACT TO THE BOARD MEMBER OR OFFICER OR KEY EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 CEO'S COMPENSATION IS DETERMINED BY THE CHAIRMAN OF THE BOARD. OUTSIDE EXECUTIVE SEARCH FIRM IS HIRED TO FIND THE SUITABLE CANDIDATE FOR THE POSITION. THE FIRM PERFORMS MARKET RESEARCH FOR COMPENSATION AND REPORT IT TO THE HIRING COMMITTEE. ALL OTHER EMPLOYEES COMPENSATION IS DETERMINED BY THE GENERAL MANAGER/COO OF THE CLUB. COMPENSATION DATA IS NORMALLY PROVIDED BY THE EXECUTIVE SEARCH FIRM THE CLUB HIRES TO FIND SUITABLE CANDIDATES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICIES AVAILABLE TO THE PUBLIC.